3535 Rock RdWichita, KS 67226

  • Retail space
  • 23,504 SF
For Lease
$12/SF/YR View listing

Property Details for 3535 Rock Rd

Year built
1994
Construction
CONCRETE BLOCKS
Lot size
0.54 AC
Property size (Sq ft)
23,504 SF
Property type
Retail space
APN
087-109-31-0-14-03-009.01
APU
87109310140300901

Description

This exceptional retail and industrial property, located at 3535 N Rock Rd, Wichita, KS 67226, offers a prime big-box location with significant potential. The 90,000 square foot warehouse boasts a multi-tenant configuration, currently featuring one available space of 40,000 square feet. The building includes two dock-high doors, ensuring efficient loading and unloading operations. Ample parking is available for both employees and customers. The property benefits from approximately 160 feet of prominent store frontage, maximizing visibility and attracting significant foot traffic. Long-term, established neighboring tenants provide a stable and desirable environment. Its strategic location provides excellent access to K-96 highway, offering unparalleled accessibility to the entire Wichita metropolitan area, with a drive time of under 15 minutes to virtually any point within the city. This presents a unique opportunity for businesses seeking a high-visibility, easily accessible location with substantial warehouse space in a thriving market. The property's size, features, and location combine to create a compelling investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,971,034
    6.5%
    $5,511,724
    7%
    $5,118,029
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,392,358
    Geo Method
    $5,392,358
  • Alternative Use

    Use
    Valuation
    Residential
    $4,649,345
    Hospitality
    $4,258,775
    Educational
    $3,543,251
    Medical
    $3,665,109
    Retail
    $5,511,724
3535 Rock Rd, Wichita, Kansas

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.7473
Longitude
-97.2473
CBSA code
48620
CBSA name
WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$44,679
$29,500
$377,700
$407,200
-
$118,000
$1,510,800
$1,628,800

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